Compact mode
Relative Strength Index (RSI) vs Average True Range (ATR) vs Money Flow Index (MFI)
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Relative Strength Index (RSI)Average True Range (ATR)Money Flow Index (MFI)- VolumeMoney Flow Index (MFI) is a Volume type indicator. Indicators that analyze trading volume to confirm price movements
Asset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedFor all*- StocksIndicators optimized for analyzing and predicting stock price movements in equity markets.
- CommoditiesTrading indicators optimized for commodity markets like oil, gold, and agricultural products.
Relative Strength Index (RSI)Average True Range (ATR)Known for 💭
The unique selling point or distinguishing feature of the trading indicatorRelative Strength Index (RSI)- Momentum MeasurementRelative Strength Index (RSI) is known for Momentum Measurement.
Average True Range (ATR)- Volatility Without DirectionAverage True Range (ATR) is known for Volatility Without Direction.
Money Flow Index (MFI)- Volume And Price MovementsMoney Flow Index (MFI) is known for Volume And Price Movements.
Made In 🌍
The country or origin of the trading indicatorRelative Strength Index (RSI)- 1978Relative Strength Index (RSI) was developed in 1978. Trading indicators specifically developed in 1978
Average True Range (ATR)- 1978Average True Range (ATR) was developed in 1978. Trading indicators specifically developed in 1978
Money Flow Index (MFI)
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Relative Strength Index (RSI)Average True Range (ATR)- LaggingAverage True Range (ATR) is a Lagging indicator. Indicators that confirm trends after they have started
Money Flow Index (MFI)Complexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorRelative Strength Index (RSI)Average True Range (ATR)Money Flow Index (MFI)Popularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityRelative Strength Index (RSI)- HighThe popularity of Relative Strength Index (RSI) among traders is considered High. Widely used and trusted indicators in the trading community
Average True Range (ATR)- MediumThe popularity of Average True Range (ATR) among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Money Flow Index (MFI)- MediumThe popularity of Money Flow Index (MFI) among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorRelative Strength Index (RSI)- Created by J. Welles Wilder
Average True Range (ATR)- Part of Welles Wilder's indicators
Money Flow Index (MFI)- Often called the volume-weighted RSI
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorRelative Strength Index (RSI)- The only thing relative about it is how relatively often it's misused
Average True Range (ATR)- It's the drama meter of the market - higher values mean more excitement
Money Flow Index (MFI)- It's like a financial breathalyzer - measures how intoxicated buyers are
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.For all*- DailyIndicators optimized for daily chart analysis, suitable for swing and position traders.
Relative Strength Index (RSI)- 1-HourRelative Strength Index (RSI) is most effective for 1-Hour timeframes. Indicators optimized for analyzing market data on a 1-hour timeframe
- 4-HourRelative Strength Index (RSI) is most effective for 4-Hour timeframes. Indicators designed for analyzing market data on a 4-hour timeframe
Average True Range (ATR)- WeeklyAverage True Range (ATR) is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
Money Flow Index (MFI)- WeeklyMoney Flow Index (MFI) is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
Technical Details Comparison
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.Relative Strength Index (RSI)Average True Range (ATR)Money Flow Index (MFI)Signal Generation 📊
Describes the methods by which the indicator produces trading signalsFor all*- ThresholdsIndicators that generate signals when certain predefined levels or conditions are met
Relative Strength Index (RSI)- DivergencesRelative Strength Index (RSI) generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
Money Flow Index (MFI)- DivergencesMoney Flow Index (MFI) generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Relative Strength Index (RSI)Money Flow Index (MFI)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorRelative Strength Index (RSI)Average True Range (ATR)Money Flow Index (MFI)Purpose 📈
The primary purpose or application of the trading indicatorRelative Strength Index (RSI)Average True Range (ATR)Money Flow Index (MFI)- Volume-Weighted RSIMoney Flow Index (MFI) is primarily used for Volume-Weighted RSI.
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorRelative Strength Index (RSI)- Easy To Interpret
- Effective For Identifying Reversals
Average True Range (ATR)- Useful For Position Sizing
- Helps Set Stop-Losses
Money Flow Index (MFI)- Incorporates VolumeUses trading volume data to provide deeper market insights
- Useful For Divergence Trading
Cons 👎
Disadvantages or limitations of the trading indicatorRelative Strength Index (RSI)- Can Remain In Overbought/Oversold Conditions During Strong Trends
Average True Range (ATR)Money Flow Index (MFI)- Can Be Less Effective In Low Volume Environments
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorRelative Strength Index (RSI)Average True Range (ATR)Money Flow Index (MFI)Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isRelative Strength Index (RSI)Average True Range (ATR)Money Flow Index (MFI)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesFor all*Customization Score 🔧
A score representing the degree of customization available for the trading indicatorRelative Strength Index (RSI)- 6.5The customization score for Relative Strength Index (RSI) is 6.5 out of 10.
Average True Range (ATR)- 6.5The customization score for Average True Range (ATR) is 6.5 out of 10.
Money Flow Index (MFI)- 7The customization score for Money Flow Index (MFI) is 7 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsRelative Strength Index (RSI)Average True Range (ATR)Money Flow Index (MFI)
Alternatives to Relative Strength Index (RSI)
Rate Of Change (ROC)
Known for Speed Of Price Changes
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is more versatile than Relative Strength Index (RSI)
Chande Momentum Oscillator (CMO)
Known for Momentum Measurement
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is more customizable than Relative Strength Index (RSI)
Elder-Ray Index
Known for Combining Trend And Momentum
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is more versatile than Relative Strength Index (RSI)
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is more customizable than Relative Strength Index (RSI)
Stochastic Oscillator
Known for Momentum And Trend Reversal
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is more customizable than Relative Strength Index (RSI)
Woodies CCI
Known for Modification Of Traditional CCI
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is more customizable than Relative Strength Index (RSI)
Exponential Moving Average (EMA)
Known for Smooth Price Movements
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is more reliable than Relative Strength Index (RSI)
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is more customizable than Relative Strength Index (RSI)
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is rated higher overall than Relative Strength Index (RSI)
Average Directional Index (ADX)
Known for Trend Strength Without Direction
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is more reliable than Relative Strength Index (RSI)